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China’s top 500 enterprises, 500 strongest or 500 largest

China’s top 500 enterprises, 500 strongest or 500 largest?

  The threshold for entering the top 500 increased from last year’s 9.31 billion yuan to 10.54 billion yuan, exceeding 10 billion yuan for the first time. China’s top 500 enterprises account for a larger proportion of the world’s top 500 enterprises, and the performance indicators of China’s 500 enterprises.

 China’s current top 500 enterprises are actually still the 500 largest enterprises. Enterprises not only should grow larger, but also should become stronger. At present, most Chinese enterprises still lack core competitiveness, and their risk management capacities are also relatively weak.

    In 2008, impacted by the global financial crisis, the situation of “loss in the entire industry” appeared in some industries in China. For example, six of China’s civil aviation enterprises entered China’s top 500 enterprises, but only two of them are profitable, and the total loss of the whole industry reached 14.5 billion yuan; ten electric power enterprises entered the top 500, but the top five all suffered losses, and the total loss of the industry reached 24 billion yuan.

    According to statistics, of China’s top 500 enterprises, only 220 are involved in overseas business, and 86 percent of the enterprises had an internationalization degree of less than 30 percent.  Facing an era of high cost, the operating capacity of China’s enterprises is still relatively weak, and most Chinese enterprises have not “gone global” or carried out global distribution of resources and are still located at the low end of the global industrial chain with their only advantage being low cost.

   ”There are still not many Chinese enterprises with core competitiveness, and even less have product advantage, brand advantage or technology advantage,” said Guo Shuqing, Board Chairman of China Construction Bank Corporation.  “we need have powerful innovation ability, or we will not have powerful potential to develop. 

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